The Fed's interest rate cut has been implemented. The Bank of Japan announced its interest rate decision today. Will there be a two-level reversal in the market?
The Fed announced a 50 basis point interest rate cut and the market rose as expected. For the current news, it is definitely a favorable situation overall. But looking back at history, there was a wave of global turmoil in the early stage. It was caused by Japan's interest rate hike. During this period, stock market futures including our digital currency were affected. There was a sharp drop. Today, the Bank of Japan announced its interest rate decision again. At present, this news is more critical. If the Bank of Japan announces another interest rate hike, the market may fall again, and the previous positive may be broken. Today, we will focus on the interest rate decision of the Bank of Japan. If there is no interest rate hike, then consider stepping back and continuing to go long.